Dogecoin is approaching long-term support against both Bitcoin and the U.S. dollar, but the reversal is not confirmed yet. A sweep below $0.055 followed by a quick recovery could mark the bottom, while reclaiming $0.075-$0.10 would strengthen the case for a new $DOGE cycle.
Dogecoin Nears Cycle Support as $DOGE/$BTC Repeats a Familiar Setup
Dogecoin is testing a major long-term support area against Bitcoin after years of relative weakness. The structure resembles the final stage of the previous $DOGE/$BTC cycle, which ended with a sharp breakout in 2021.
$DOGE/$BTC monthly chart. Source: Cryptollica/X
The chart compares two extended downtrends. The first ran from Dogecoin’s 2014 peak through late 2020, while the current decline began after the May 2021 high and has now returned to support near 0.0000011 $BTC.
Holding this zone could allow $DOGE to form a relative bottom and begin outperforming Bitcoin. However, the pair must first stop producing lower highs and break the descending resistance line before a new “Dogecoin season” gains technical confirmation.
A move above nearby resistance would signal that capital is rotating from Bitcoin into $DOGE. That could strengthen Dogecoin’s dollar price even if Bitcoin remains range-bound, although the wider altcoin market would likely need to improve as well.
The bullish comparison would weaken if $DOGE/$BTC loses its current support and continues setting new lows. Until buyers confirm a breakout, the chart shows a possible cycle repeat rather than a confirmed reversal.
Dogecoin May Sweep $0.055 Support Before Its Next Recovery
Dogecoin remains under pressure after another weak weekly move, but the chart points to a possible rebound once price clears the long-standing lows near $0.055. That sweep could remove remaining sell-side liquidity before buyers attempt a stronger recovery.
$DOGE weekly chart. Source: Crypto Tony/X
The $0.055 area has acted as major support several times since 2022. A brief drop below it followed by a quick recovery would suggest sellers failed to maintain control and could create a stronger base for the next move.
However, $DOGE still trades within a clear sequence of lower highs and lower lows. Buyers would need to reclaim $0.075 first, followed by the $0.085-$0.10 region, before the weekly structure begins to improve.
A sustained close below $0.055 would weaken the rebound scenario and turn the liquidity sweep into a genuine breakdown. Until price tests or defends that support, the next bullish move remains unconfirmed.